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JPMorgan to price trigger gears linked to basket of six indexes
Chicago, Feb. 25 – JPMorgan Chase Financial Co. LLC plans to price 0% trigger gears due Feb. 29, 2024 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The basket includes the Euro Stoxx 50 index with a 40% weight, the Nikkei 225 index with a 20% weight, the FTSE 100 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
If the basket return is greater than zero, the payout at maturity will be par of $10 plus 2.9 to 2 times the basket return. Investors will receive par if the basket declines by up to 35% and will lose 1% for every 1% that the basket declines beyond 35%.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
The notes are expected to price Feb. 26.
The Cusip number is 48130X646.
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